Power Grid Acquires Lakadia C Power Transmission for ₹19.94 Cr
Power Grid Corporation of India Limited (POWERGRID) has acquired Lakadia C Power Transmission Limited for an aggregate value of approximately ₹19.94 Crore. This acquisition was made pursuant to POWERGRID emerging as the successful bidder under the Tariff Based Competitive Bidding (TBCB) route. Lakadia C Power Transmission Limited is a Project SPV established to build, own, operate, and transfer an Inter-State Transmission system for a project involving power evacuation from multiple power sources in Maharashtra. The acquisition includes 10,000 equity shares at par and all assets and liabilities of the SPV. Further approvals from the Central Electricity Regulatory Commission are pending for the Grant of Transmission License and Adoption of Transmission Charges.
Key Highlights
- POWERGRID acquired 100% stake in Lakadia C Power Transmission Ltd.
- Acquisition cost approximately ₹19.94 Crore.
- Project involves establishing a new 765/400/220 kV Sub-station in Maharashtra.
- Acquisition is part of a Tariff Based Competitive Bidding process.
- Further regulatory approvals are pending from CERC.
Price Impact
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